Potential entry setup for Mapletree Ind Tr

Mapletree Ind Tr (ME8U.SI) is a potential entry using one of my favorite setups.

One of my favorite buy setups is the use the weekly chart together with slow Stochastics. When it makes a “hook” in the oversold zone, its time to consider entering, as it may be low enough. For higher probability, combine it with candlesticks reversal pattern.

Notes:

The weekly candle is not complete as the week has not ended yet.

DPU has been rising since 2011.

14 Data Centres recently acquired has not been factored into DPU yet.

The yield is 5.93% at the current price.

If you are not sure how to buy low using slow stochastics, please contact me.

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